Tuesday, March 10, 2015: Target LAYS OFF 1,700 people from its Minneapolis headquarters and announces it will not hire 1,400 “open” positions – 3,100 high paying jobs, GONE in an instant. These are bread winners with families and mortgages and house payments, now UNEMPLOYED. Meanwhile the NFP report last week — which at this point is PURE PROPAGANDA built on outright lies — claims the unemployment rate in the United States is a mere 5.5%. Writer and financial pundit Andy Hoffman from Miles Franklin joins us to discuss the current state of the economy as we document the collapse for the week of March 9th, 2015.
Please remember that Target closed down it’s entire Canadian operation, country wide in January, throwing 17,000 employees onto the unemployment roles.
In a nation with a small population as Canada has (30 million which is 1/10 the size of the US) 17,000 job losses is a major blow to the national economy.